{"id":133775,"date":"2025-09-13T04:10:10","date_gmt":"2025-09-13T04:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/133775\/"},"modified":"2025-09-13T04:10:10","modified_gmt":"2025-09-13T04:10:10","slug":"howard-lutnick-claims-donald-trumps-economy-isnt-here-yet-after-being-hit-by-embarrassing-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/133775\/","title":{"rendered":"Howard Lutnick Claims Donald Trump\u2019s Economy Isn\u2019t Here Yet After Being Hit by Embarrassing Data"},"content":{"rendered":"

Donald Trump\u2019s miserable job market<\/a> will not even start to improve for a few more months, Commerce Secretary Howard Lutnick has warned.<\/p>\n

President Trump, whose handling of the economy is often cited by supporters as one of his strengths, has been hit with waves of underwhelming and disheartening job reports this year.<\/p>\n

On the presidential election campaign trail, Trump attacked rising prices and inflation under Joe Biden, but now it seems shoppers need to show patience<\/a>.<\/p>\n

\"HowardHoward Lutnick believes the economy will turn around once Donald Trump\u2019s \u201cLiberation Day\u201d tariffs kick in. ANDREW CABALLERO-REYNOLDS\/Andrew Cabello-Reynolds\/AFP via Getty Images <\/p>\n

\u201cOur economy, the Donald Trump economy, is coming in the beginning of next year,\u201d Lutnick told Newsmax\u2019s Rob Schmitt.<\/p>\n

\u201cHe\u2019s got more than $10 trillion of factories, when those factories get in the ground, they get the permits, and the bulldozers start, people are operating those bulldozers, jobs, jobs, jobs,\u201d Lutnick said. \u201cYou\u2019re filling to be a construction worker in America, you\u2019re going to be good-looking, because everybody\u2019s going to try to hire you. Those construction workers are jobs, jobs, jobs.\u201d<\/p>\n

He was speaking to Trump-loyal Newsmax after the latest economic misses.<\/p>\n

Bureau of Labor Statistics data found that the U.S. added only 22,000 jobs<\/a> in August, way below the 80,000 new jobs economists were expecting.<\/p>\n

The disappointing figures arrived even after Trump fired BLS commissioner<\/a> Erika McEntarfer, claiming without evidence that the underwhelming job numbers were \u201crigged\u201d and replacing her with Heritage Foundation economist E.J.Antoni.<\/p>\n

Days later, the Labor Department said the economy added 911,000 fewer jobs than <\/a>previously thought in the 12 months ending in March. <\/p>\n

The misery for Trump did not end there, as the Labor Department revealed on Thursday that the number of Americans seeking unemployment benefits hit 263,000<\/a> in the week ending Sept. 6, an increase of 27,000 from the previous week.<\/p>\n

That was the highest level of applications since Oct. 23, 2021, and well above the 235,000 applications forecast by economists in a Bloomberg<\/a> survey.<\/p>\n

There are fears the grim job market in the U.S. may not improve any time soon, with uncertainty still looming about how Trump\u2019s sweeping tariff plans could affect businesses, as well as whether they could have a knock-on effect on hiring decisions.<\/p>\n

\"PresidentThe U.S. also lost 13,000 jobs in June, the first negative figures since December 2020. Andrew Harnik\/Getty Images <\/p>\n

Speaking to Newsmax, Lutnick urged people to be patient, claiming that Trump\u2019s tariff plans could result in GDP growth of up to four percent next year.<\/p>\n

\u201cWhy was America always growing, kind of like the rest of the world? Because we were exporting our power to the rest of the world. It\u2019s time for us to take care of America,\u201d Lutnick said. \u201cThat\u2019s what President Trump is doing. You\u2019re going to see our GDP growth go off the chart.\u201d<\/p>\n

The Daily Beast has contacted the Department of Commerce for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump\u2019s miserable job market will not even start to improve for a few more months, Commerce Secretary…\n","protected":false},"author":2,"featured_media":133776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,4954,1294,19599,1371,56,54,55],"class_list":["post-133775","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-donald-j-trump","tag-economy","tag-howard-lutnick","tag-jobs","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/133775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=133775"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/133775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/133776"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=133775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=133775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=133775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}